Market in a Minute

Market in a Minute & StatPak August 2019

We profile the most important market indicators every month - contract activity, interest rates, inventory, affordability and direction of the market - in an easy to read and digest summary. It's not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Northern Virginia, Loudoun County, Washington, DC, Montgomery County and Prince George's County. A quick summary of last month's contract activity is shown below. To see the complete "Market in a Minute" reports for each jurisdiction we cover, click on the corresponding links.

What's The URGENCY Index?

This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market's Urgency Index click the link to view the full report.

Northern Virginia - August 2019 StatPak with Contract Snapshot from July 2019

CONTRACTS: Contract activity in July 2019 was up3.7% from July 2018 and was up in four of the six price categories. Through the first seven months of the year, contract activity is down 3.0% The average number of days on the market for homes receiving contracts was just 29 days in July 2019, down from 35 days in July of last year.

Loudoun County - August 2019 StatPak with Contract Snapshot from July 2019

CONTRACTS: Contract activity in July 2019 was up 8.3% from last July and was up in three of the five price categories. Through the first seven months of the year contract activity is down 1.8%. The average number of days on the market for homes receiving contracts was 36 days in July 2019, up from 34 days in July of last year, but only because of a spike in one price category. All others had lower days on the market.

Montgomery County - August 2019 StatPak with Contract Snapshot from July 2019

CONTRACTS: Contract activity in July 2019 was up 5.7% from July 2018 and was up in five of the six price categories. Through the first seven months of the year contract activity is up just 1.4%. The average number of days on the market for homes receiving contracts was 39 days in July 2019, down from 42 days in July of last year.

Prince George's County - August 2019 StatPak with Contract Snapshot from July 2019

CONTRACTS: Contract activity in July 2019 was down 2.2% from July 2018 but was up for three of the five price categories. Through the first seven months of the year contract activity is up 2.1%. The average number of days on the market for homes receiving contracts was 44 days in July 2019, up one from 40 days in July of last year.

Washington D.C. - August 2019 StatPak with Contract Snapshot from July 2019

CONTRACTS: Contract activity in July 2019 was up 1.9% from July 2018 and was up in three of the six price categories. Through the first seven months of the year contract activity is up 2.1%. The average number of days on the market for homes receiving contracts was 35 days in July 2019, down from 37 days in July of last year.